Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangibles Assets (Tables)

v3.19.2
Goodwill and Intangibles Assets (Tables)
6 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Acquired Finite-Lived Intangible Assets by Major Class
The following table sets forth the Company’s finite-lived intangible assets resulting from business acquisitions and other purchases:
 
 
 
June 30, 2019
 
December 31, 2018
 
Weighted
Average
Useful Life
(in Years)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Gross Carrying Value
 
Accumulated Amortization
 
Net Carrying Amount
 
 
 
(in thousands)
Licensed technology
3.7
 
$
2,070

 
$
(1,378
)
 
$
692

 
$
2,070

 
$
(1,130
)
 
$
940

Developed technology
6.9
 
240,461

 
(91,533
)
 
148,928

 
238,961

 
(74,630
)
 
164,331

Trademarks and trade names
6.1
 
13,800

 
(5,381
)
 
8,419

 
13,800

 
(4,252
)
 
9,548

Customer relationships
4.6
 
121,100

 
(65,747
)
 
55,353

 
121,100

 
(55,647
)
 
65,453

Non-compete covenants
3.0
 
1,100

 
(1,050
)
 
50

 
1,100

 
(872
)
 
228

 
6.1
 
$
378,531

 
$
(165,089
)
 
$
213,442

 
$
377,031

 
$
(136,531
)
 
$
240,500


Finite-lived Intangible Assets Amortization Expense
The following table sets forth amortization expense associated with finite-lived intangible assets, which is included in the consolidated statements of operations as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
 
(in thousands)
 
(in thousands)
Cost of net revenue
$
8,488

 
$
8,978

 
$
16,922

 
$
17,956

Research and development
12

 
42

 
46

 
84

Selling, general and administrative
5,792

 
7,994

 
11,590

 
15,988

 
$
14,292

 
$
17,014

 
$
28,558

 
$
34,028


Schedule of Finite-Lived Intangible Assets
The following table sets forth the activity related to finite-lived intangible assets:
 
Six Months Ended June 30,
 
2019
 
2018
 
(in thousands)
Beginning balance
$
240,500

 
$
310,645

Transfers to developed technology from IPR&D
1,500

 

Amortization
(28,558
)
 
(34,028
)
Ending balance
$
213,442

 
$
276,617


Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The following table presents future amortization of the Company’s finite-lived intangible assets at June 30, 2019:
 
Amount
 
(in thousands)
2019 (6 months)
$
28,423

2020
56,168

2021
55,385

2022
37,855

2023
25,660

Thereafter
9,951

Total
$
213,442


Schedule of Indefinite-Lived Intangible Assets
Indefinite-lived intangible assets consist entirely of acquired in-process research and development technology, or IPR&D. The following table sets forth the Company’s activities related to the indefinite-lived intangible assets:
 
Six Months Ended June 30,
 
2019
 
2018
 
(in thousands)
Beginning balance
$
4,400

 
$
4,400

Transfers to developed technology from IPR&D
(1,500
)
 

Ending balance
$
2,900

 
$
4,400